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Archive for September, 2010

What’s on the table – 30 Sept 2010

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Macro and Corporate News 1. Ringgit: Ringgit closed at 3.0845 against the greenback. The weakness in dollar is due to the anticipation that more action will be taken by the Federal Reserve to push U.S. interest rates down. 2. Malaysia Economy: Maybank CEO, Abdul Wahid Omar, expected the Malaysia economy to grow by 7.5% in […]

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FBM KLCI Wkly Special -27/9/10

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By CC Hong Failure of three attempts to violate the crucial resistance of 1479.59, a 2 ½ -year high, last week may aptly be described as a lacklustre market reaction to the announcement of the Economic Transformation Programme (ETP), which subsequently brought the FBMKLCI down to an intra-week low of 1445.33 before bargain hunting activities […]

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